Discretionary expense - Study guides, Class notes & Summaries

COB 242 - Exam 1 Already Passed Gross Margin % (Revenue - COGS) ÷ Revenue indicates how much of each sales dollar is left after deducting the cost of goods sold to cover expenses and provide a profit. Units: % Earnings Per Share (Net Income - Dividends on Preferred Stock) ÷ Average Outstanding Shares This measure indicates how much income was earned for each share of common stock outstanding. Units: $ Working Capital Current Assets - Current Liabilities measure of both a company's effic...

Solutions for Managerial Accounting for Managers 6th Edition by Eric Noreen, All Chapters Covered, Latest Guide. Chapter 1 Managerial Accounting and Cost Concepts Questions 1-1 The three major types of product costs in a manufacturing company are direct materials, direct labor, and manufacturing overhead. 1-2 a. Direct materials are an integral part of a finished product and their costs can be conveniently traced to it. b. Indirect materials are generally small items of material suc...

SOLUTION MANUAL FOR MANAGERIAL ACCOUNTING 18TH EDITION BY RAY GARRISON, ERIC NOREEN AND PETER BREWERR ALL CHAPTERS INCLUDED 2023/2024. Chapter 1 Managerial Accounting and Cost Concepts Questions 1-1 The three major types of product costs in a manufacturing company are direct materials, direct labor, and manufacturing overhead. 1-2 a. Direct materials are an integral part of a finished product and their costs can be conveniently traced to it. b. Indirect materials are generally small ...

Payroll Fundamentals 1 Midterm 94 Questions with Verified Answers Commencement package (Ch.1) - CORRECT ANSWER -Organization specific forms (personal information forms) -Government forms (federal and provincial personal tax credits return) -Benefit forms (insurance enrollment forms) Hiring form (ch.1) - CORRECT ANSWER May include information on their position such as department, manager, start date, salary/hourly wage, and benefit entitlement Information that must be provided to empl...

Discretionary Financing Needed Formula correct answers Discretionary Financing Needed (DFN) = Projected Total Asset - Projected Total Liabilities - Projected Equity Sustainable Growth Rate Formula correct answers Sustainable Growth Rate (SGR) = Return on Equity (ROE) X (1-Divided Payout Ratio) Cash Flow from Operating Activities (CFO) Formula correct answers Cash Flow from Operating Activities (CFO) = Net Income + Depreciation +/- Decreases/Increases in Current Assets +/- Increase/Decrease...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Dave Ramsey: Chapter 3 Latest Version with Complete Solutions what is a consequence of overdrawing your checking account overdraft fee, stress, bounced check a written budget, if followed, removes what from your finances guilt, management by crisis, overspending percentage of american living paycheck to paycheck 70% The zero-based budget is the best method of budgeting because ensures that every dollar you make is assigned a specific purpose what is not a record-keeping feat...

Payroll and Taxes Quiz Latest Update Graded A+ Why do governments need to collect taxes? - To fund essential public services and infrastructure - Both employers and employees contribute payroll taxes to finance Social Security and Medicare. Give an example of a mandatory government expense. Social Security benefits, which the government must pay Provide an example of discretionary spending by the government. Military spending, which accounts for 57% of discretionary budget alloc...

M-100 Exam |Guide with Questions and Verified Answers| 2023/ 2024 Update Q: Due process procedure? Answer: Formal process designed to protect the rights of all parties involved Q: Alternative dispute resolution (ADR)? Answer: Encouraging people to comply with rules and regulations by using trained uninvolved 3rd party Q: Arbitration? Answer: Win lose- lose lose Q: Mediation? Answer: Win win Q: Budget components? Answer: Revenue Expen...